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Factors Influencing Gold in June
Gold prices in Egypt experienced a slight decline at the beginning of June 2026, with the price of a 21-karat gold gram decreasing by approximately 45 Egyptian pounds to reach 6,730 pounds. This represents a decrease of about 0.66%. The movement occurs amid a balance between factors supporting the precious metal globally and pressures from the expectation that U.S. interest rates will remain high, along with continued local demand and a slight decline in the US dollar. It is expected that gold prices will continue to move within a sideways range as investors await US inflation data and the Federal Reserve meeting, while the influence of demand dynamics and geopolitical risks remains ongoing.
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